Gol Airlines’ stock is suffering as the carrier struggles with higher fuel prices. Pictured is a Gol Boeing 737.
Skift Take: We keep hearing Brazil’s economy is coming back. But many of the country’s airlines are not racking up profits. The problem? They make their revenue in local currency, but many of their costs and much of their debt is in U.S. dollars. And the Brazilian currency has been losing significant value against the dollar.
PRC Time Shares
Author: Ryan Wolkov
Powered by WPeMatico